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CMA Jobs- A Full Overview!

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CMA jobs opportunities have grown tremendously over years. Once you are done with your CMA course, your professional front will enlighten with so many good CMA jobs opportunity,

CMA is one of the most reputed designations that come with bright careers. It is especially for accounting and finance organizations with distinct avenues for placements not only in India at overseas also. Once you are done with your CMA course, you professional front will enlighten with so many good CMA jobs opportunity. In recent time, every business requires a team of CMA. CMA’s are responsible for the allocation and management of funds of the business along with that they also need to focus on financial analysis and decision-making aspects for the sustainable development of business. They are specialized in implementing advanced technologies in cost and overall business management, keeping updated with the recent trends in global business.

Table of Content:

  1. CMA job opportunities in India – overview
  2. Internship period- Articleship
  3. Jobs for CMA inter qualified
  4. Jobs for CMA qualified
  5. How can you find job opportunities in India for CMA
  6. Top companies in India to apply for CMA job
  7. How TopLad helps in finding the best CMA job opportunities

CMA job opportunities in India – Overview

In this globalized world, organizations and companies require professionals such as Cost Accountants (CMAs). A CMA is the one who has specialized knowledge on business strategy and value creation. The Cost Accountant are the foundation on which the enterprises are built. The specialized education and training by the Institute make the Cost Accountant a multi-faceted professional. CMAs are driving force in all economic activities, as they are the value creator, value enabler, value preserver and value reporter. Over the last few years, the importance and scope of CMA have been on the rise due to India’s economic growth. Large foreign businesses entering its market and the Make in India movement

CMA job opportunities have been increased in the following sector such as-.

  • Government Sector
  • Banking and finance sector
  • Education Sector
  • Private sector
  • Training sector
  • Research sector
  • Service and public utility
  • Medical/ Health services
  • Information Technology (IT)

It has been observed that a company with CMA professionals tends to have better financial planning as compared to an organization without a CMA qualifier.

CMA Internship period- Articleship

CMA internship period is also known as the articleship period. It is known to be a golden period in a student’s professional life. It helps them to pursue their theoretical knowledge into practical one, thus giving them the exact opportunity to prove themselves.

Well, for completing the CMA course, each aspirant has to go under practical training with a recognized organization for a period of 3 years. It has to be completed in the following way.

A student is required to complete 10 months of his CMA articleship 4 months before the month in which he is giving his final examination and 15 months of articleship before the declaration of his CMA final result. Therefore, after you have applied and started your training, make sure to complete 10 months of training 4 months before your final examination month and thereafter complete you 15th month before declaration of result.

You can check out our Toplad’s job portal, as they also have uploaded all the latest CMA internship vacancies. Click now – https://toplad.in/cma/jobs

Jobs for CMA inter qualified:

Firstly, let’s begin with who are the CMA inter qualified. The CMA inter qualified are those who have taken and passed the second level in the CMA course, also known as the CMA intermediate level.

The jobs for a CMA inter qualified fresher or a job for CMA inter qualified who have some prior experience might include-

  • Cost Auditor,
  • Surveyor,
  • Loss Assessor,
  • Consultancy Services,
  • Cost Management Planning and Policy,
  • Budgeting,
  • Budgetary Control,
  • Cost Control,
  • Internal control,
  • implementing business systems,
  • ERP implementation and many more.

Once you pass the CMA inter exam, I would recommend that you upload your resume in the job portals. Keep an eye out for various kinds of jobs advertised on these websites.

Stipend Expectation:

If you are a semi-qualified CMA, then you can expect the stipend somewhere between Rs.15,000- Rs.30,000/- per month depending upon the company or the firm.

Jobs for CMA qualified:

Well if you are a qualified CMA, Congrats!  but let me tell you this, after qualifying CMA, when you apply for jobs, the number of attempts does count. If you are clear on the first attempt then the chances of getting big packages are very high.

Jobs for a CMA qualified fresher might include –

  • Operations Manager
  • General ledger operation accounts manager
  • Service Commercial ( Finance)
  • Finance Manager, VP
  • Liquidation Finance Executive
  • FSCM Credit management
  • Business planning and consolidation application developer
  • Business analyst
  • Client Financial Management Analyst
  • Insurance
  • Banking
Salary Expectation:

Salary of a CMA fresher: A newly qualified CMA with no experience in India can expect to earn in between Rs. 3.5 lakh- Rs. 9 lakh per year. It depends upon the company and the attempts you have taken to complete the course.

How can you find job opportunities in India for CMA

We live in a globally connected world where companies and organizations require professionals like CMAs. CMAs have specialized knowledge of business strategy and value creation. There has been a recent hike for CMAs in the government sector, private sector, banking & finance sector, developmental agencies, education, training & research sector as well as in-service and public utility sector. Further, given their specialized knowledge and training, CMAs may hold a top management position in public and private sectors’ enterprises. For example, Chairman cum Managing Directors, Managing Director, Finance Director, Financial Controller, Chief Financial Officer, Cost Controller, Marketing Manager, and Chief Internal Auditor and other important positions.

Getting a job in top level companies

Top companies often open their job posts on their official websites, or LinkedIn. Other small companies often post on indeed or naukri.com apart from LinkedIn. Now, seeing websites or different accounts of every individual company all the time can be very hectic, thus you can always check Toplad’s website, as it has its job portal, where they keep on adding the new openings in top companies. The link to the job portal of Toplad is https://toplad.in/cma/jobs

Top companies in India to apply for CMA job:

Some of the top companies where you can apply in India where you can get a good Job for CMA are:

Amazon

Amazon is the world’s largest e-commerce marketplace and it is the third most authentic brand in India. It has 41 fulfilment centres across 13 states and more than 20,000 Indian sellers. Amazon India currently offers millions of products on its platform and has millions of registered users. The average salary provided by Amazon is somewhere between Rs. 3Lakh- Rs. 9Lakh.

Accenture

Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology, and operations. The average salary provided by Accenture is somewhere between Rs. 4Lakh- Rs. 7Lakh.

Caterpillar

Caterpillar is the world’s leading manufacturer of construction and mining equipment. It also provides diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company principally operates through its three primary segments – construction industries, resource industries, and energy & transportation – and provides financing and related services through its financial products segment. The average salary provided by Caterpillar is somewhere between Rs. 3.5Lakh- Rs. 7Lakh.

Larsen & Toubro

Larsen & Toubro Limited is one of the largest and most respected companies in India’s private sector. L&T, as the first step towards recognizing and accepting CMA certification, has agreed to recruit CMAs for their various finance functions and costing division based at Chennai. The average salary provided by Larsen & Toubro is somewhere between Rs. 4Lakh- Rs. 10Lakh

Wipro

Wipro Enterprises has it’s Consumer Care and Lighting along with Infrastructure Engineering under its umbrella. The company’s Consumer Care & Lighting is a leading FMCG business in Personal Care, Home Care, Lighting & Switches, and Office Furniture. It’s Infrastructure Engineering is a diversified engineering business in the fields of Hydraulics, Water Treatment, Additive Manufacturing, Aerospace, and Automation Solutions. Average salary provided by by the company is somewhere between Rs.3lakh- Rs. 7Lakh.

How TopLad helps in finding the best CMA job opportunities:

TopLad is one of most inspiring coaching centre for CMA with some of India’s best faculties. The best part of going over the TopLad website is as we have an individual Job portal. The link to it is https://toplad.in/cma/jobs , and we keep on updating all the new CMA job opportunities, thus you don’t have to check individual websites of the company, as you get to see all the opportunities under one roof at Toplad.

You can checkout our other blogs relating to the salary you can expect if you are a CMA aspirant,

Salary to Expect if You are CMA Aspirant

You can also checkout our CMA articleship vacancies blog, as it will help you to know a better about articleships.

Everything About CMA Articleship Vacancies